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                                                                     Exhibit 14
                               CODE OF ETHICS

Nicholas Financial, Inc. (hereinafter referred to as "Nicholas Financial, Inc."
or the "Company") requires ethical conduct in the practice of financial
management in all aspects of business activities.


The Nicholas Financial, Inc. Code of Ethical Conduct for Financial Managers
applies to all senior officers serving in a financial role. The Chief Executive
Officer, Chief Financial Officer and Controller, as well as certain other senior
financial officers, hold an elevated role in corporate governance and are
expected to act in accordance with the highest standards of personal and
professional integrity, to comply with all applicable laws, rules, and
regulations, to preserve and protect shareholders' interests, and to abide by
the Nicholas Financial, Inc. Code of Business Conduct and Ethics and other
policies and procedures adopted by Nicholas Financial, Inc. that govern the
conduct of its employees. This Code of Ethical Conduct is intended to supplement
the Nicholas Financial, Inc. Code of Business Conduct and Ethics.

As the Chief Executive Officer, Chief Financial Officer, Controller, or other
senior financial officer, I certify to you that I adhere to and advocate the
following principles governing my professional and ethical conduct in the
fulfillment of my responsibilities. I agree to:

     a. Comply with the Company's internal policies and procedures;

     b. Act at all times in accordance with the Company's Code of Business
        Conduct and Ethics which has been provided to me and with which I will
        comply;

     c. Engage in and promote honesty, integrity and ethical conduct, including
        the ethical handling of actual or apparent conflicts of interest between
        personal and professional relationships;

     d. Provide accurate, complete, objective, timely and understandable
        financial disclosures in regards to internal reports as well as
        documents filed or submitted to the Securities and Exchange Commission,
        any governmental, private or public regulatory agency, or used in public
        communications;

     e. Comply with applicable federal, state, provincial, and/or local
        governmental laws, rules and regulations, as well as appropriate private
        and public regulatory agencies;

     f. Respect the confidentiality of information acquired in the course of
        performing my work responsibilities except when authorized or otherwise
        legally obligated to disclose such information;

     g. Act in good faith, responsibly, with due care, competence and diligence,
        without misrepresenting or omitting material facts or allowing my
        independent judgment to be compromised;

     h. Avoid using confidential information acquired in the course of
        performing my job responsibilities for personal advantage;

     i. Use and control assets and other resources employed or entrusted to my
        supervision in a responsible manner;

     j. Keep abreast of emerging financial issues and/or skills relevant to
        shareholders and other constituents and share such knowledge with my
        peers;

     k. Promptly report any possible violation of this Code to the Nominating
        and Corporate Governance Committee of the Nicholas Financial, Inc. Corp.
        Board of Directors;

     l. Proactively promote ethical behavior as a responsible partner among
        peers in my work environment and community.


By signing this statement, I acknowledge that I have read, understand, and agree
to adhere to this Code of Ethical Conduct. Violation of this Code may be
grounds for termination from the Company.
Printed Name:
Signature:
Date:
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